Krishnamurthy Subramanian, Director IMF and ex-Chief Economic Advisor | Exploring Minds #15 P1

About the Guest:
Prof. K. V. Subramanian is an Executive Director at the International Monetary Fund, the 17th Chief Economic Advisor to the Government of India from 2018 to 2021, and a Professor of Finance (on leave) at the Indian School of Business.

As Chief Economic Advisor, Prof. Subramanian conceptualized India’s economic policy during the once-in-a-century COVID pandemic. By correctly identifying COVID-19 as a huge supply-side shock, Prof. Subramanian balanced supply and demand-side measures, transformed fiscal policy to focus on public capital expenditures, and initiated path-breaking reforms to address structural problems. His foresight and vision enabled the Indian economy to emerge with high growth and strong macro fundamentals despite the Ukraine war following the pandemic. His policy ideas drew on the path-breaking Economic Surveys he authored on Ethical Wealth Creation for a prosperous India (2019-20), the Strategic Blueprint for India to become a $5 trillion economy (2018-19), and the post-Covid economy using public capital expenditures in infrastructure and healthcare to further counter-cyclical fiscal policy (2020-21). Acknowledging Dr. Subramanian’s contributions, the Hon’ble Prime Minister Shri. Narendra Modi noted his “academic brilliance, unique perspectives on economic and policy matters, and reformatory zeal.”

Dr. Subramanian has been conferred the Distinguished Alumnus award by his alma mater IIT-Kanpur and IIM-Calcutta. A PhD from the University of Chicago, Prof. Subramanian’s research in banking, law and finance, innovation and economic growth, and corporate governance has been published in the world's leading journals.

Credits:
Recording Location: Plaksha's Teaching Studio
Host: Shivank Joshi -   / shivankjoshi-2001  
Videographers: Ronit and Angad
Thumbnail Design: Sangeet, Shivako Global
Editor: Pratush, Shivako Global

Chapters:
00:00 Trailer
00:15 Early days of preparing for JEE.
05:38 Applications of Electrical Engineering in Economics.
12:06 Indian MBA vs Foreign MBA.
15:45 Myth about the English Language and Importance of First Principles Thinking.
18:03 Meeting and Learning from Raghuram Rajan, ex-RBI Governer.
21:41 Relationship between the Education System and Noble Prize Winners.
27:15 What went wrong with Indian Economy in the past?
31:56 Learn ideal Taxation from Kautilya.
34:16 Examples of Ethical Wealth Creation.
39:12 What happens on the Board of a Bank?
40:00 What does a CEA do?
41:02 Writing the Economic Survey of India.
46:58 Distillation of last 3 Economic Survey.
51:22 Concept of Thalinomics.
53:54 Role of an Executive Director of International Monetary Fund.
55:45 What's happening in the World Economy?
57:45 Where does IMF get money and it's role?

Part 2 - Releasing Friday 10 Nov.

Disclaimer:
The content presented in this video is intended for informational and educational purposes only. This content's creators, producers, and distributors want to clarify that no copyright or intellectual property infringement is intended.

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